Quarterly Accounting Roundup: First quarter — 2018

Published on: 27 Mar 2018

This issue of Quarterly Accounting Roundup discusses developments that occurred in the first quarter of 2018, including:

  • The FASB’s and SEC’s issuance of guidance in response to the Tax Cuts and Jobs Act.
  • The FASB’s issuance of:
    • ASUs that (1) make technical corrections to its guidance on financial instruments and (2) provide a transition practical expedient for land easements under the Board’s new leasing standard, ASU 2016-02.
    • Proposed ASUs that would (1) address a customer’s accounting for implementation costs incurred in a cloud computing arrangement that is a service contract and (2) expand the list of benchmark rates for hedge accounting.
  • The SEC’s release of interpretive guidance related to cybersecurity disclosures.
  • The IASB’s issuance of revisions to the guidance in IAS 19 on plan amendments, curtailments, and settlements.


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